Rapid Fleet Management Services Ltd. has announced public offering of 2284800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 182.00 per share. The gross proceeds of the issue are expected to be Rs 4,386.82 lakhs.

The company's initial public offer (IPO) will open on 21 March 2025 and is expected to close on 25 March 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 183.00-192.00 per share.

The IPO includes a fresh Issue of 2284800 Equity Shares of the Company at an price of Rs 192.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Rapid Fleet Management Services Ltd. anticipates using the proceeds of the issue for .

Gretex Corporate Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.